|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRAU BROS NV |
|
|
|
|
Registered Office : |
Hoveniersstraat 53-Bus 31, 2018 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.10.1992 |
|
|
|
|
Com. Reg. No.: |
448349341 |
|
|
|
|
Legal Form : |
Public Limited Liability
Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of watches and
jewellery |
|
|
|
|
No of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic
location, highly developed transport network, and diversified industrial and
commercial base. Industry is concentrated mainly in the more heavily-populated
region of Flanders in the north. With few natural resources, Belgium imports
substantial quantities of raw materials and exports a large volume of
manufactures, making its economy vulnerable to volatility in world markets.
Roughly three-quarters of Belgium's trade is with other EU countries, and
Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP
grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous
year, and the government reduced the budget deficit from a peak of 6% of GDP in
2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit,
public debt hovers around 100% of GDP, a factor that has contributed to
investor perceptions that the country is increasingly vulnerable to spillover
from the euro-zone crisis. Belgian banks were severely affected by the
international financial crisis in 2008 with three major banks receiving capital
injections from the government, and the nationalization of the Belgian retail
arm of a Franco-Belgian bank.
|
Source
: CIA |
Business number 448349341
Company name TRAU BROS NV
Address HOVENIERSSTRAAT
53-BUS 31
2018 ANTWERPEN
Number of staff 6
Date of establishment 06/10/1992
Telephone number 032313049
Fax number 032335766
The business was established over 22 years ago.
The business has 8 employees.
The business has been at the address for over 11 years.
Pre-tax profits increased by 61% compared to the previous trading
period.
The business saw an increase in their Cash Balance of 84% during the
latest trading period.
Date of Latest Accounts Turnover
Profit Before Tax Net Worth Working Capital
31/12/2013 134,059,241
373,495 15,474,712 11,049,194
31/12/2012 137,024,911
231,766 15,807,038 11,339,544
31/12/2011 154,171,568
434,823 15,883,531 11,358,319
Date of Latest Accounts Balance
Total Number of Employees Capital Cashflow
31/12/2013 62,857,425
6 9,788,850
393,800
31/12/2012 72,732,465
6 10,231,650
277,885
31/12/2011 59,421,140
5 10,434,150
490,121
Past payments
Payment expectation days 5.92
Industry average payment expectation days 244.93
Industry average day sales outstanding 355.74
Day sales outstanding 110.97
BANKRUPTCY DETAILS
Court action type no
PROTESTED BILLS
Bill amount -
NSSO DETAILS
Date of summons -
|
Business number |
448349341 |
Company name |
TRAU BROS NV |
|
Fax number |
032335766 |
Date founded |
06/10/1992 |
|
Company status |
active |
Company type |
Public Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest accounts |
31/12/2013 |
|
Activity code |
46480 |
Liable for VAT |
yes |
|
Activity description |
Wholesale of watches and
jewellery |
VAT Number |
BE.0448.349.341 Check VAT number |
|
Belgian Bullettin of Acts Publications |
moniteur belge |
|
|
JIC Code 218
Description Additional national
joint committee for the employees
category
Event Date 21/12/2011
Event Description
Event Details De buitengewone
algemene vergadering heet besloten om alle bestaande aandelen aan toonder, om
te zetten in aandelen op naam of in gedematerialiseerde aandelen.
Assets
|
Annual accounts |
31-12-2013 |
% |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
Total fixed assets |
11,638,803 |
-4.12 |
12,138,880 |
40.68 |
8,628,919 |
6.70 |
8,086,962 |
12.50 |
7,188,336 |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible fixed assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
914,366 |
-7.42 |
987,702 |
-6.32 |
1,054,283 |
3.87 |
1,014,988 |
-5.40 |
1,072,980 |
|
Land & building |
885,632 |
-5.14 |
933,622 |
-3.09 |
963,437 |
1.89 |
945,520 |
-2.03 |
965,155 |
|
Plant & machinery |
27,524 |
-13.45 |
31,802 |
-30.81 |
45,962 |
228 |
14,000 |
-55.32 |
31,332 |
|
Furniture & Vehicles |
1,210 |
-94.57 |
22,278 |
-50.37 |
44,884 |
-19.08 |
55,467 |
-27.49 |
76,493 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
-100 |
1 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Financial fixed assets |
10,724,436 |
-3.83 |
11,151,177 |
47.22 |
7,574,636 |
7.11 |
7,071,974 |
15.64 |
6,115,356 |
|
Total current assets |
51,218,622 |
-15.47 |
60,593,585 |
19.30 |
50,792,221 |
9.12 |
46,547,639 |
5.84 |
43,977,497 |
|
Inventories |
7,627,613 |
-47.25 |
14,460,459 |
-2.75 |
14,868,899 |
2.39 |
14,521,149 |
-14.93 |
17,070,006 |
|
Raw materials & consumables |
1,866,072 |
-26.87 |
2,551,667 |
-4.94 |
2,684,381 |
6.57 |
2,519,002 |
-43.44 |
4,453,964 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Finished goods |
5,761,541 |
-51.62 |
11,908,792 |
-2.26 |
12,184,517 |
1.52 |
12,002,147 |
-4.87 |
12,616,042 |
|
Other stocks |
0 |
- |
0 |
-100 |
1 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade debtors |
40,756,063 |
-7.20 |
43,919,216 |
31.57 |
33,380,393 |
6.40 |
31,371,578 |
24.35 |
25,229,343 |
|
Other amounts receivable |
5,976 |
-17.31 |
7,227 |
-36.52 |
11,384 |
7.02 |
10,637 |
-49.66 |
21,131 |
|
Cash |
870,343 |
84.97 |
470,537 |
-66.16 |
1,390,602 |
123 |
621,821 |
-62.03 |
1,637,775 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous current assets |
1,958,627 |
12.81 |
1,736,147 |
52.17 |
1,140,943 |
4981 |
22,454 |
16.69 |
19,242 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
62,857,425 |
-13.58 |
72,732,465 |
22.40 |
59,421,140 |
8.76 |
54,634,601 |
6.78 |
51,165,833 |
Liabilities
|
Total
shareholders equity |
15,474,712 |
-2.10 |
15,807,038 |
-0.48 |
15,883,531 |
6.18 |
14,959,002 |
1.94 |
14,674,681 |
|
|
|
|
|
|
|
|
|
|
|
|
Issued
share capital |
9,788,850 |
-4.33 |
10,231,650 |
-1.94 |
10,434,150 |
3.27 |
10,103,400 |
1.03 |
10,000,000 |
|
Share
premium account |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Revaluation
reserve |
2,903,924 |
-4.33 |
3,035,283 |
-1.94 |
3,095,356 |
3.27 |
2,997,237 |
-0.61 |
3,015,708 |
|
Reserves |
2,781,938 |
9.52 |
2,540,105 |
7.90 |
2,354,025 |
26.67 |
1,858,365 |
12.02 |
1,658,973 |
|
Provisions
for Liabilities & |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Charges |
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Deffered
taxes |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Creditors |
47,382,712 |
-16.76 |
56,925,427 |
30.75 |
43,537,609 |
9.73 |
39,675,599 |
8.73 |
36,491,152 |
|
|
|
|
|
|
|
|
|
|
|
|
Other long
term loans |
687,384 |
-19.16 |
850,286 |
-15.99 |
1,012,107 |
-14.29 |
1,180,843 |
75.40 |
673,224 |
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Other long
term liabilities |
6,525,901 |
-4.33 |
6,821,100 |
120 |
3,091,600 |
3.27 |
2,993,600 |
7.81 |
2,776,621 |
|
Total long
term debts |
7,213,285 |
-5.97 |
7,671,386 |
86.94 |
4,103,707 |
-1.69 |
4,174,443 |
21.00 |
3,449,845 |
|
|
|||||||||
|
Current
portion of long term debt |
159,708 |
-4.52 |
167,260 |
3.98 |
160,862 |
-7.62 |
174,134 |
111 |
82,244 |
|
Financial
debts |
37,385,908 |
3.62 |
36,080,827 |
15.47 |
31,247,199 |
44.77 |
21,583,301 |
3.44 |
20,865,570 |
|
Trade
creditors |
2,144,777 |
-83.00 |
12,618,647 |
63.58 |
7,714,166 |
-43.00 |
13,534,346 |
14.04 |
11,867,809 |
|
Amounts
Payable for Taxes, |
78,367 |
29.91 |
60,323 |
52.59 |
39,534 |
84.63 |
21,412 |
-21.76 |
27,367 |
|
Remuneration
& Social Security |
|
|
|
|
|
|
|
|
|
|
Miscellaneous
current liabilities |
400,668 |
22.53 |
326,984 |
20.15 |
272,141 |
44.78 |
187,963 |
-5.22 |
198,317 |
|
Total
current liabilities |
40,169,428 |
-18.44 |
49,254,041 |
24.90 |
39,433,902 |
11.08 |
35,501,156 |
7.44 |
33,041,307 |
|
|
|||||||||
|
Total
Liabilities |
62,857,425 |
-13.58 |
72,732,465 |
22.40 |
59,421,140 |
8.76 |
54,634,601 |
6.78 |
51,165,833 |
|
|
|
|
|
|
|
|
|
|
|
|
ratio analysis |
|
|
|
|
|
|
|
|
|
|
TRADING PERFORMANCE |
|||||||||
|
Profit Before Tax |
0.28 |
64.71 |
0.17 |
-39.29 |
0.28 |
-17.65 |
0.34 |
-46.03 |
0.63 |
|
|
|||||||||
|
Return on capital employed |
1.65 |
66.67 |
0.99 |
-54.59 |
2.18 |
11.22 |
1.96 |
18.79 |
1.65 |
|
|
|||||||||
|
Return on total assets
employed |
0.59 |
84.38 |
0.32 |
-56.16 |
0.73 |
7.35 |
0.68 |
17.24 |
0.58 |
|
|
|
|
|
|
|
|
|
|
|
|
Return on net assets
employed |
2.41 |
63.95 |
1.47 |
-46.35 |
2.74 |
9.60 |
2.50 |
22.55 |
2.04 |
|
|
|||||||||
|
Sales / net working
capital |
12.13 |
0.41 |
12.08 |
-10.98 |
13.57 |
35.43 |
10.02 |
130 |
4.34 |
|
Stock turnover ratio |
5.69 |
-46.07 |
10.55 |
9.44 |
9.64 |
-26.52 |
13.12 |
-63.53 |
35.97 |
|
Creditor days |
5.92 |
-82.61 |
34.04 |
84.30 |
18.47 |
-59.14 |
45.20 |
-51.48 |
93.15 |
|
Debtor days |
110.97 |
-5.15 |
116.99 |
48.03 |
79.03 |
-23.61 |
103.45 |
-46.68 |
194.02 |
|
SHORT TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Current ratio |
1.28 |
4.07 |
1.23 |
-4.65 |
1.29 |
-1.53 |
1.31 |
-1.50 |
1.33 |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity ratio / acid
ratio |
1.09 |
15.96 |
0.94 |
3.30 |
0.91 |
1.11 |
0.90 |
11.11 |
0.81 |
|
|
|
|
|
|
|
|
|
|
|
|
Current debt ratio |
2.60 |
-16.67 |
3.12 |
25.81 |
2.48 |
4.64 |
2.37 |
5.33 |
2.25 |
|
Net worth |
15,474,712 |
-2.10 |
15,807,038 |
-0.48 |
15,883,531 |
6.18 |
14,959,002 |
1.94 |
14,674,681 |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
|
|
Gearing |
247.07 |
5.27 |
234.70 |
14.99 |
204.11 |
33.11 |
153.34 |
4.07 |
147.34 |
|
|
|||||||||
|
Equity in
percentage |
24.62 |
13.30 |
21.73 |
-18.71 |
26.73 |
-2.37 |
27.38 |
-4.53 |
28.68 |
|
|
|||||||||
|
Total debt
ratio |
3.06 |
-15.00 |
3.60 |
31.39 |
2.74 |
3.40 |
2.65 |
6.43 |
2.49 |
|
|
|||||||||
|
Working
capital |
11,049,194 |
-2.56 |
11,339,544 |
-0.17 |
11,358,319 |
2.82 |
11,046,483 |
1.01 |
10,936,190 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit
& loss |
|
|
|
|
|
|
|
|
|
|
Operating
Income |
134,191,838 |
-2.07 |
137,026,735 |
-11.12 |
154,173,515 |
39.28 |
110,693,823 |
133 |
47,464,491 |
|
Turnover |
134,059,241 |
-2.16 |
137,024,911 |
-11.12 |
154,171,568 |
39.28 |
110,692,117 |
133 |
47,461,634 |
|
Total
operating expenses |
132,165,364 |
-2.32 |
135,311,070 |
-11.22 |
152,411,036 |
39.46 |
109,286,058 |
135 |
46,500,751 |
|
Gross
Operating Margin |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Operating
Charges |
132,297,961 |
-2.23 |
135,312,894 |
-11.22 |
152,412,983 |
39.46 |
109,287,765 |
135 |
46,503,608 |
|
Employee costs |
239,516 |
-0.15 |
239,872 |
-3.85 |
249,467 |
19.46 |
208,835 |
-20.82 |
263,752 |
|
Wages and salary |
192,247 |
-0.26 |
192,739 |
-3.91 |
200,578 |
18.09 |
169,858 |
-19.18 |
210,170 |
|
Employee pension costs |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Social security
contributions |
44,183 |
3.11 |
42,852 |
-3.22 |
44,280 |
26.28 |
35,066 |
-29.07 |
49,437 |
|
Other
employee costs |
3,086 |
-27.93 |
4,282 |
-7.09 |
4,609 |
17.82 |
3,912 |
-5.62 |
4,145 |
|
Director remuneration |
135,083 |
-1.11 |
136,603 |
8.87 |
125,476 |
- |
- |
- |
- |
|
Amortization and
depreciation |
42,037 |
-8.85 |
46,119 |
-16.60 |
55,298 |
1.25 |
54,615 |
-12.94 |
62,729 |
|
|
|||||||||
|
Operating result |
1,893,877 |
10.50 |
1,713,841 |
-2.65 |
1,760,532 |
25.21 |
1,406,059 |
46.33 |
960,883 |
|
Total financial income |
213,014 |
3875 |
5,358 |
116 |
2,476 |
13.16 |
2,188 |
-92.40 |
28,773 |
|
Total financial expenses |
1,733,397 |
16.54 |
1,487,433 |
11.99 |
1,328,184 |
28.45 |
1,034,046 |
49.78 |
690,394 |
|
|
|
|
|
|
|
|
|
|
|
|
Results on ordinary
operations before taxation |
373,495 |
61.15 |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
25.04 |
299,262 |
|
Extraordinary Income |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Extraordinary Charges |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|||||||||
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Results for the Year
Before Taxation |
373,495 |
61.15 |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
25.04 |
299,262 |
|
|
|||||||||
|
Other
appropriations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
Taxation |
21,732 |
- |
- |
- |
- |
- |
- |
- |
-28 |
|
Results on ordinary
operations after taxation |
351,763 |
51.78 |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
25.03 |
299,290 |
|
|
|
|
|
|
|
|
|
|
|
|
Net result |
351,763 |
51.78 |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
25.03 |
299,290 |
|
|
|
|
|
|
|
|
|
|
|
|
Profit
(Loss) for the Year to be appropriated |
351,763 |
51.78 |
231,766 |
-46.70 |
434,823 |
16.20 |
374,200 |
25.03 |
299,290 |
|
|
|
|
|
|
|
|
|
|
|
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Social Balance Sheet Details
Social Balance Sheet Total
During the reporting year
ended 31-12-2013
Full-time Employees 4
Part-time Employees 4
Total Fte Employees 7
Number of hours worked
Full-time Employees 6,870
Part-time Employees 4,262
Total 11,132
Personnel Charges
Full-time Employees 147,815
Part-time Employees 91,700
Total 239,516
Benefits In Addition To Wages -
During the previous reporting year
Average number employees in Fte 7
Actual working hours 11,125
Personnel Charges 229,491
Benefits In Addition To Wages -
Type of Contract Full-Time
Part-Time Total Fte
Unlimited Duration Contracts 4 4 7
Gender and Education Level
Men Full-Time
Part-Time Total Fte
Secondairy education 4 1 5
Women Full-Time
Part-Time Total Fte
Secondairy education - 3 2
Working Category Full-Time
Part-Time Total Fte
White collar worker 2 - 2
Blue collar worker 2 4 5
Activity code 46480
Activity description Wholesale of
watches and jewellery
industry average credit rating 61.07
Industry average credit limit 7967.53
Payment expectations
Payment expectation days 5.92
Day sales outstanding 110.97
Industry comparison
Activity code 46480
Activity description Wholesale of
watches and jewellery
Industry average payment
expectation days 244.93
Industry average day sales
outstanding 355.74
Industry quartile analysis
Payment expectations
Company result 5.92
Lower 129.57
Median 63.24
Upper 19.75
Day sales outstanding
Company result 110.97
Lower 123.34
Median 56.14
Upper 21.03
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
Business number Company
name % Date of accounts
- TRAU
BROS ISRAEL 5764 LTD - -
Summons
There is no data for this company
Protested Bills
There is no data for this company
Bankruptcy and other legal events
There is no data for this company
Current director details
Current mandates in other companies
Name Fashion Principles
NV
Business number 525646265
Position Director
Start Date 28/03/2013
End Date 28/09/2018
Business number 525646265
Position Legal
Representative
Start Date 28/03/2013
Name Edu NV
Business number 463281797
Position Director
Start Date 17/02/2011
End Date 30/11/2016
Business number 463281797
Position Legal
Representative
Start Date 17/02/2011
Former director details
Name PHILIPPE AMIEL
Position Director
Start Date 10/06/2004
End Date 10/06/2010
Date of birth 14/04/1969
Street 28
SINT-THOMASSTRAAT ANTWERPEN
Post code 2018
Country Belgium
Name LAURENT TRAU
Position Director
Start Date 10/06/2004
End Date 10/06/2010
Street 26 VAN EYCKLEI ANTWERPEN
Post code 2018
Country Belgium
Name VIVIANE TRAU
Position Director
Start Date 10/06/2004
End Date 10/06/2010
Street 20 RUBENSLEI
ANTWERPEN
Post code 2018
Country Belgium
Name JOSÉ AMIEL
Position Director
Start Date 05/04/1997
End Date 29/02/1996
Street 20 RUBENSLEI
ANTWERPEN
Post code 2018
Country Belgium
Name DIDIER AMIEL
Position Director
Start Date 29/02/1996
End Date Unknown date
Street 156
MECHELSESTEENWEG ANTWERPEN
Post code 2018
Country Belgium
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.